Massachusetts General Laws
Title XVII - Public Welfare
Chapter 121c - Economic Development and Industrial Corporations

Section 1 - Definitions - Section 1. In this chapter, unless a different meaning clearly...

Section 2 - Legislative Declarations - Section 2. It is hereby declared that decadent or blighted...

Section 3 - Economic Development and Industrial Corporation; Authority to Organize; Consolidations; Members of Board of Directors; Surety Bonds; Compensation and Reimbursements - Section 3. There is hereby authorized in each municipality in...

Section 4 - Corporate Seal; Officers; Bond; Accounts; Annual Audit and Report; Management of Affairs and Property - Section 4. The directors of the corporation shall adopt a...

Section 5 - Powers of Corporation; Payment of Relocation Costs - Section 5. The corporation is hereby authorized: (a) To sue...

Section 6 - Economic Development Projects; Approval; Procedural Requisites - Section 6. No economic development project shall be undertaken until...

Section 7 - Rents and Charges for Service or Facilities Furnished or Supplied; Control and Application; Sinking Fund for Revenue Bond Obligations - Section 7. Except as provided herein rents and charges for...

Section 8 - Corporate Liability in Contract or in Tort - Section 8. The corporation shall be liable in contract or...

Section 9 - Real Estate and Tangible Personal Property Exempt From Taxation and Assessments; Payments in Lieu of Taxes; Taxation of Certain Real Estate; Exemption of Income or Profits From Transfer of Corporation Obligations - Section 9. The real estate and tangible personal property of...

Section 10 - Debentures; Issuance Authorized; Trust Agreements as Security - Section 10. To provide funds for the general purposes of...

Section 11 - Municipal Indebtedness in Aid of Corporation - Section 11. The municipality may raise and appropriate or may...

Section 12 - Revenue Bonds; Revenue Refunding Bonds; Requisites; Negotiability - Section 12. The corporation is hereby authorized to provide by...

Section 13 - Revenue or Revenue Refunding Bonds; Trust Agreements as Security - Section 13. In the discretion of the corporation such revenue...

Section 14 - Revenue and Revenue Refunding Bonds as Securities for Purposes of Investments or Deposits by Certain Institutions - Section 14. Revenue bonds and revenue refunding bonds issued under...

Section 15 - Enforcement of This Chapter and of Trust Agreements - Section 15. Any holder of bonds or debentures issued under...

Section 16 - Provisions Inconsistent With Other Law Controlling - Section 16. Insofar as the provisions of this chapter are...

Section 17 - Severability - Section 17. The provisions of this chapter are severable; and...

Section 18 - Liberal Construction - Section 18. This chapter, being necessary for the welfare of...